Flag Capital raises $200 million for energy fund-of-funds
The Stamford, Conn.-based firm hit its $200 million hard cap, compared to its $175 million target and the $134 million it raised for its second such fund in 2010....
Greenwich Global Hedge Fund Index down -0.16 in March (+1.18 YTD)
Long-Short Equity Strategies were the second best strategy for both March and the first quarter with returns of +0.27% and +2.05% respectively....
Former Stamford-Based Trader Convicted Of Securities Fraud
A registered broker-dealer and former managing director at New York investment bank Jefferies & Co. Inc., which has a trading floor in Stamford, has been convicted of multiple offenses involving a scheme to defraud customers trading in residential mortgage-backed securities, according to a statement from the U.S. attorney in Connecticut.
SAC Will Become Family Office After Fraudulent Charges Over Insider Trading
After 21 years managing money for wealthy clients, Steve Cohen is well on his way to turning his firm into a family office.After 21 years managing money for wealthy clients, Steve Cohen is well on his...
Treasurer would put $75M in new private equity deal with banker
The Connecticut pension fund is poised to invest as much as $75 million in its second private equity deal associated with Ronald Burkle, the billionaire co-owner of the Pittsburgh Penguins hockey team...
Connecticut Retirement Adds Three Real Estate Managers
According to minutes of the July Investment Committee meeting, Connecticut Retirement added three managers to their real estate portfolio: Prudential, JP Morgan Chase, and UBS, with an unspecified commitment...
Greenwich Pension commits $10 million to EIG Energy
According to minutes from the July 25th meeting, the Retirement Board of Greenwich, Connecticut committed $10 million to EIG Energy Fund XVI in a unanimous vote...
Middlebury College officials opt not to divest from fossil fuels
Many members of the Middlebury College community, was well as environmentalists at large, are dismayed over the institution’s decision not to divest its nearly $1 billion endowment from the fossil fuel industry...
Montville Biomass Plant, One Bid For Energy Contract
A shot at a long-term contract is reviving a renewable energy project here that has spent the last few years idling. The project - 42 megawatts of power from biomass, 2.3...
SAC Reassures Clients as Steve Cohen Fights to Stay Open
Steven A. Cohen's SAC Capital Advisors LP told investors, employees and counterparties that it will stay open for business as the U.S. accused the $14 billion hedge-fund firm of engaging in an unprece...